US stocks on Monday faced the heaviest sell-off since before the presidential election in the biggest reversal yet of the so-called Trump trade that has carried equities to record peaks. The S&P 500 index, a broad barometer of American stock performance, fell as much as 1.2 per cent in late-morning trading in New York. That represented the steepest intraday fall since November 1 and came after it […]
Manama, 30January 2017 Shaikh Khalid bin Humood Al Khalifa, CEO at the Bahrain Tourism and Exhibition Authority (BTEA) took part in the inaugural meeting of the specialist team responsible for driving the joint vision to promote the tourism industry and boost business across the GCC countries. The meeting was organized by the BTEA, and was held on Wednesday and Thursday, the 25th and 26th of January 2017. […]
By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]
Doha – January 30, 2017 Ultra Luxury, a brand new exhibition, debuting in November 2017, aims at catering to the growing luxury markets in Qatar and GCC. Ultra Luxury will provide a platform for global luxury brands to meet and showcase their products and services to a highly targeted and sophisticated group of VIP visitors. The exhibition will take place over 4 days at the Doha Exhibition […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
London Business School’s leading thinkers give us their views on the challenges and opportunities that businesses will encounter in 2017. Disruptive opportunities “2017 will be the year of disruption,” says Costas Markides, professor of strategy and entrepreneurship and executive education faculty director. “Every industry will be affected by some kind of discontinuity or disruption – whether it’s the invasion of new business models or the arrival of […]
Jan 30, 2017 11:26 am IST India’s space agency will next month attempt to launch 104 satellites from a single rocket, a mission that could land it in the record books. The Indian Space Research Organization plans to use its workhorse, the Polar Satellite Launch Vehicle, to carry three satellites from India, and 101 smaller nano satellites from five countries—the U.S., Netherlands, Israel, Kazakhstan and Switzerland into orbit. If […]
In response to the federal government’s draft guidelines for its Smart Cities and Suburbs Program, Smart Cities Council Australia New Zealand (SCCANZ) has called for greater clarity around what constitutes as “innovative” and for the government to present outcomes that are more tangible than “improving liveability”. The council, which launched in Australia and New Zealand mid-2016, insisted that greater “transparency”, “specificity”, and stronger wording is needed to […]
Chairman of the Board of Directors Hamad Saif Al Mansouri eyes further advancements during the next phase of the company as new CEO Omar Katri introduces new real estate products, “Safety” and “Happiness” for the rehabilitation of commercial and residential buildings in Abu Dhabi and in United Arab Emirates 29 January 2017 Abu Dhabi – Abu Dhabi-based Al Benaa Real Estate Investment Company introduced its new phase […]
By Phil Stewart | WASHINGTON WASHINGTON U.S. President Donald Trump’s call for a military plan to defeat Islamic State is likely to see the Pentagon revisiting options for a more aggressive use of firepower and American troops. But U.S. officials, who spoke on condition of anonymity, doubt the country’s military will advocate fundamentally changing a key strategy refined during the Obama administration: relying on local forces to do […]
Dubai, UAE, 26 January, 2017: Dubai Electricity and Water Authority (DEWA) conducted a survey to measure the happiness index of the community for 2016, in cooperation with a leading expert in the field. DEWA recorded a happiness index of 89.01%, compared to the 87.12% recorded in 2015. These results reflect DEWA’s commitment towards achieving the happiness of the community, and is in adherence with the vision of […]
Credit: ZDNet In the early 2000s, Microsoft was all-in on robotics. By the middle of that decade, the company seemingly had all but abandoned the robotics space. But this may be the year that Microsoft may be ready to get back into robotics, on multiple fronts. special feature AI, Automation, and Tech Jobs There are some things that machines are simply better at doing than humans, but […]
Donald Trump’s ban on Muslim immigrants has provoked sharp criticism from US corporations, pitching the US president into an epic clash over US values and the legality of the new measures just one week into his presidency. A growing chorus of condemnation rose from the tech sector on Saturday, with companies including Google, Microsoft and Uber issuing statements of concern over the new policy. The founders of many […]
A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
Appointment of Discover The World Germany as representative to highlight strong sales pitch by the Middle East’s leading Destination Management Company at ITB Berlin Dubai, United Arab Emirates 26 January, 2017: Desert Adventures, part of the Kuoni Destination Management Specialists division, has set its sights on attracting more guests and getting a lion’s share from the German-speaking market with the appointment of Discover The World-Germany as its representative. […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
By Anna Irrera | NEW YORK NEW YORK Cisco Systems Inc (CSCO.O), Bosch Ltd (BOSH.NS) and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp (BK.N), Foxconn Technology Group, security […]
When readers wake up every morning, what do they check first? Probably their texts. Then, if they’re feeling brave, their email inboxes. Readers are inundated with content nowadays, which puts the onus on journalists to reach them where they’re actually paying attention. That’s why many news organizations have begun hiring editors who deal exclusively with email and push notifications, journalism that audiences can’t easily tune out. “I […]
Mi dispiace, ho sbagliato numero* Well, what did BT’s chief executive, smouldering Gavin Patterson, expect? Italy is ranked 60th out of 176 countries in Transparency International’s corruption index, worse than Romania or Hungary. The “improper” management behaviour there had been going on for years, and would probably be going on still but for the call from a whistleblower. The BT board must now decide how far up […]
By Thomas Escritt | THE HAGUE THE HAGUE African countries are considering a co-ordinated withdrawal from the International Criminal Court if it is not reformed to address what they see as its bias against the continent, according to a document seen by Reuters. Almost a third of the ICC’s 124 members are African, and a withdrawal by a large number of them would cripple a court that […]
Agreement allows healthcare organisations registered within the DHCA to operate inside the DIFC Partnership is in line with government’s wellbeing initiatives to broaden healthcare provision and access across the Emirate Move will continue to increase the international attractiveness and competitiveness of the DIFC community Dubai-UAE: 27 January 2017 Dubai International Financial Centre (DIFC) Authority, the entity overseeing the largest financial centre in the Middle East, Africa and […]
Dubai, UAE, 27 January, 2017 Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with National Energy Technology Laboratory (NETL), which operates under the US Department of Energy, and specialises in energy security, and the Research and Development (R&D) of coal, natural gas, and oil technology. The MoU aims to strengthen cooperation and develop new framework as per the highest international standards, to […]
UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]
Friday 08:25 GMT Overview The US dollar is in the ascendancy as the currency once again benefits from hopes for a stronger US economy — optimism that also has helped push Wall Street to record levels. European bourses are mixed after a holiday-thinned Asian session. Commodities are muddled, with oil firmer but gold on the back foot. Hot topic The US dollar is in focus as it […]
